Amazing Caller Declares “Fed Officially Lost Control”

Last night I tuned into Free Talk Live, and there was a caller sharing his professional commentary as a financial advisor that he believed that we could mark March 12, 2020 as the day that the Federal Reserve officially lost control of the dollar, and by extension, the entire American economy.

As far as I can understand from a laymen’s perspective, the stock market started to tumble because of panic and fears related to the corona virus — specifically, interruptions in “supply chains” because of factories and warehouses and transportation businesses telling workers to stay home. The idea is that some time needs to pass for people to be isolated and prevent the transmission of this deadly virus. After a while passes, and the number of new cases starts to decrease rather than increase, then life can begin to resume as normal. But until then, the economy is shutting down. There is a panic in the market, causing the biggest point drop in Dow history this week.

In response, the Federal Reserve (aka “The Fed”) injected (aka “printed”) $1.5 Trillion dollars into the economy. A trillion is a thousand billions, or put another way, a trillion is a million millions. It’s a lot!! And the market ate it up, rallied for a moment, and then continued its downward spiral. Woops. That wasn’t enough. If that wasn’t enough, then what WILL be enough? Can anything boost the confidence of the market? It seems not. And the only tool left in the Fed’s toolbox is money printing. They are talking about buying stocks now to help save the stock market. Will that work? Is that even a good idea? What if they are just trying to keep a sham economy going, and the jig is up? Uh oh.

So! Listen to this amazing call by Tim Picciott of TheLibertyAdvisor.com — I am not affiliated with Tim in any way other than we met at a conference one time and exchanged pleasantries. I think he’s a cool, smart guy, and his call into FTL was historic, so I ripped it from YouTube and uploaded it here for your enjoyment:

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9 Comments

  1. Coronavirus impact, very real, imagined or somewhere in between…is reducing fuel consumption world wide, & dropping fuel prices that we pay at the pump.

    Think about that.

    What else is this event affecting?

    Ripples in a pond…everywhere.

    What are the potential opportunities of this pandemic?

    1. Advancements in telehealth solutions and medical advances.

    Anyone else?

  2. Proximate cause, business interruption from virus. Ultimate cause, repo rate indication from sept 2019 that debt markets cannot absorb any more US borrowing. So Congress spending must go down… er not likely. Therefore, currency destruction imminent. so says Luke Gromen, Lyn Alden, and the doomsayer crowd.

  3. “Coronavirus impact, very real, imagined or somewhere in between…is reducing fuel consumption world wide, & dropping fuel prices that we pay at the pump.”

    Gee whiz, Jumping Jacks. Thanks for the heads up. Current events just isn’t our strong suit.

    “Think about that.”

    Ok, you narcissistic twat. But it’s not really that hard, considering we’re all living it right now.

    “Ripples in a pond…everywhere.”

    Yeah, yeah. Sure, sure. You’re a poet AND a doctoral candidate. We get it, you insufferable prick.

    “What are the potential opportunities of this pandemic?”

    I don’t know. But I see that in your case it’s to show the rest of us how big your ego is.

    “1. Advancements in telehealth solutions and medical advances.”

    See? Two scoops of ego in every box.

    “Anyone else?”

    Yup. How about Nancy Pelosi? She just got caught earmarking a funding stream for abortion clinics in a bill meant to provide emergency funding for the coronavirus pandemic. Now that’s what I call moxie.

    https://www.nationalreview.com/news/sasse-rips-pelosi-for-trying-to-smuggle-hyde-amendment-loophole-into-coronavirus-package/

  4. This is a helpful informative post…

  5. Gabbo Le Troutstain – What does your links have to do with anything? Your answers to my posted questions make no sense.

    ” “1. Advancements in telehealth solutions and medical advances.” Is a positive that can get help to people who are isolated from medical facilities,and don’t have the means for adequate medical care. It also gives family members access to their loved ones health chart so they can help monitor the activity of those in nursing homes, or the elderly who are living long distances from their families. How is that tied into someone’s “ego”?

    “Anyone else?” I’m asking if anyone else has any ideas for advancements and positives to come from this Pandemic of COVID – 19

    I hope that explained why your judgement and response to my statements made absolutely no sense. Obviously you were too scared to answer my questions as written so I broke it down for you. You know, like breaking words down for a little child.

    Now go find your box of crayons and draw a pretty picture for everyone to see.

  6. My post was suppose to be for the fun post but I screwed up… For this post: I mistrust libertarians’ knowledge of economics

  7. Jumping Jacks – “How is that tied into someone’s “ego” (sic)

    Oh. That’s real simple, dummy. Because your question had nothing to with finance – the actual subject of Derrick J’s article. You know next-to-nothing about finance, so instead of participating in the conversation at hand, you tried to shift it to medical matters, all in a pathetic attempt to make yourself look as smart as the rest of us. It didn’t work. And you made yourself look stupid in the process. Good job, you narcissistic twat.

    “I hope that explained why your judgement and response to my statements made absolutely no sense.”

    No, Jumping Jacks, it didn’t. But it did show me that you’re an egotistical cunt.

  8. Gabbo Le Troutstain – “– “How is that tied into someone’s “ego” (sic)” ” Because your question had nothing to with finance”

    Yes, it did. The money that is generated from large continental events will go to creating better devices for health care. How is that not about fiances.

    Again, your ego is out of control and makes no sense. You can’t even read someone’s post without ripping it apart and not getting the meaning behind it. How sad for you. I bet you have a very difficult time reading a McDonald’s menu.

  9. “The money that is generated from large continental events will go to creating better devices for health care. How is that not about fiances.” (sic)

    “Large continental events?” Wow. How grandiloquent. Do you love the smell of your own farts, Jumping Jacks?

    “You can’t even read someone’s post without ripping it apart and not getting the meaning behind it.”

    Mmm hmm. I’m sure it has nothing to do with the fact that you’re an arrogant asshole.

Care to comment?